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OCEAN CITY Maryland Real Estate Properties For Sale

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1001 PHILADELPHIA AVENUE, OCEAN CITY, Maryland
MLS #: MDWO2002438
0 Bedrooms
0 Bathrooms
0 Half Bathroom
Dwelling Type: Office
Area: Bayside Interior (83)
Status:
Year Built: 1961

Price: $3,400,000

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Excellent investment opportunity for a rare high traffic property offering a free standing Medical building Property consist of large .50+ acre lot, 5,833 sqft building, and 26 parking spaces. Currently occupied by well known medical practice tenant with NNN Lease. This property has a very high traffic count and visibility. Demographics for Ocean City is one of the largest tourist attraction for Maryland, In the summer weekends the city hosts between 320,000 and 345,000 vacationers, and up to 8 million visitors annually. During the summer, Ocean City becomes the second most populated municipality in Maryland offering over 200 public and private events that holds over 10,000 hotel rooms and 25,000 condominiums. This particular piece of property in considered a very large parcel in the downtown location. With a number of possibilities it could accommodate large hotel or condominiums for redevelopment. Call direct for more information.


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Property Details

Address: 1001 PHILADELPHIA AVENUE OCEAN CITY ,
County:
MLS#: MDWO2002438
MLS Area: Bayside Interior (83)
Property Sub-Type: Office
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Year Built: 1961
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List Price: $3,400,000
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Lot Acres: 0.56
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Annual St/Cnty Tax: $14,788
Annual City Tax: $7,920
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Full Baths: 0
Half Baths: 0
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Annual Water Fee: $0
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Show Instructions:
LA: Deeley Chester
Listing Office: Coastal Life Realty Group
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Location Map

Map locations are approximate. Please contact one of our sales agents for additional location information.

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All room dimensions and other measurements are approximate. All information is deemed reliable but not guaranteed. Prospective purchasers should verify the information to their own satisfaction.

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